Deepwater Asset Management
Minneapolis, Minnesota, United StatesFounded 2017
Deepwater Asset Management (formerly Loup Ventures) is a research-driven venture capital firm based in Minneapolis, investing in frontier technology across public and private markets. The firm focuses on areas including artificial intelligence, robotics, autonomous vehicles, and virtual/augmented reality.
Their most common stage is seed (44% of deals). Average disclosed round size is $63.0M (across 24 rounds with reported amounts).
Portfolio
18
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
Doug Clinton
Co-founder, Managing Partner
Gene Munster
Co-founder, Managing Partner
Mike Olson
Venture Partner
BB
Brian Baker
Portfolio Research Analyst
DC
Doug Clinton
Managing Partner
GM
Gene Munster
Managing Partner
AB
Alec Black
Research Intern
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
27 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| IInvisible Technologies, Inc. | Unknown | $100M | Sep 2025 |
| CCoco Robotics | Series C | — | Jun 2025 |
 Infinity Constellation | Series A | $17M | May 2025 |
 CTGT | Seed | $7.2M | Feb 2025 |
 Affineon | Seed | $5M | Feb 2025 |
 Redwood Materials | Series D | $1B | Aug 2023 |
 Paradromics | Series A | $33M | May 2023 |
 Outrider | Series C | $73M | Jan 2023 |
 Rain | Unknown | $25M | Feb 2022 |
 Rune Labs | Series A | $12M | Sep 2021 |
 Xwing | Series B | $40M | Apr 2021 |
| Xwing | Unknown | $40M | Jan 2021 |
 Dash | Seed | $8M | Dec 2020 |
| Xwing | Series A | $10M | May 2020 |
| Outrider | Seed | $53M | Feb 2020 |
 Neurable | Series A | — | Dec 2019 |
 Verisim Life | Series A | $15M | Aug 2019 |
| Paradromics | Seed | $7M | Jun 2018 |
 Streem | Seed | $2M | Mar 2018 |
| Rain | Seed | — | Jan 2018 |
| Paradromics | Seed | $18M | Jan 2017 |
| Neurable | Seed | $2M | Dec 2016 |
| Streem | Seed | $2M | Apr 2014 |
 Hydra Host | Seed | $10M | — |
 Rain Neuromorphics | Series A | $25M | — |
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Top Co-Investors
Y Combinator4 shared
Gaingels3 shared
8VC3 shared
Eniac Ventures3 shared
R7 Partners3 shared
Alven3 shared
Village Global3 shared
Backed VC2 shared
New Enterprise Associates2 shared
Schematic Ventures2 shared
Prologis2 shared
Koch Disruptive Technologies2 shared
Service Provider Capital2 shared
FM Capital2 shared
ACME Capital2 shared
Blackhorn Ventures2 shared
Metaplanet2 shared
Pioneer Fund2 shared
Buckley Ventures2 shared
Moment Ventures2 shared
Last updated: 20 October 2026